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Contents Step 1: Choose a name & register it. Step 2: Choose a registered agent. Step 3: Prepare an LLC operating agreement. Step 4: File LLC articles of organization. Step 5: Get an EIN & bank account. Step 6: Obtain business licenses and permits. Step 7: Get tax advice and file any required forms. FAQs.
Details of minimum two designated partners of the proposed LLP, one of them must be a resident of India, is required to be filled in the application for reservation of name. Only individuals or nominees on behalf of the bodies corporate as partners can act as designated partners.
How to form an LLC Step 1: Choose a state in which to form your LLC. ... Step 2: Choose a name for your LLC. ... Step 3: Choose a registered agent. ... Step 4: Prepare an LLC operating agreement. ... Step 5: File your LLC with your state. Step 6: Obtain an EIN. ... Step 7: Open a business bank account.
Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. ... Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.
How to set up an LLC? Apply for DPIN (Designated Partner Identification Number) by filling the form online. Acquire your Digital Signature Certificate and register it on MCA portal. Get the approval for your LLC name from the Ministry of Corporate Affairs.